The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCaspian Sunrise Share News (CASP)

Share Price Information for Caspian Sunrise (CASP)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 3.50
Bid: 3.40
Ask: 3.60
Change: -0.10 (-2.78%)
Spread: 0.20 (5.882%)
Open: 3.60
High: 3.60
Low: 3.50
Prev. Close: 3.60
CASP Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 1-UK online grocer Ocado's quarterly sales dented by March snow

Tue, 20th Mar 2018 07:45

LONDON, March 20 (Reuters) - British online supermarketOcado said on Tuesday trading in the final week of itsfirst quarter was dented by the snow storms that blastedBritain, though it did meet its latest guidance.

The cold snap, which had arrived from Siberia in early Marchand was dubbed the Beast from the East, badly hit Britain'stransport networks.

Ocado, which warned on annual earnings last month, saidretail revenue rose 11.7 percent to 363.4 million pounds ($510.2million) in the 13 weeks to March 4, its fiscal first quarter.

That compares with growth in Ocado's 2016-17 year of 12.4percent and guidance for the 2017-18 year of growth of 10-15percent as it increases distribution capacity and grows marketshare.

Ocado said the hit from the weather disruption wasequivalent to nearly 1 percent of sales in the quarter.

In December Ocado blamed a shortage of drivers for a slowdown in sales growth in the fourth quarter of its 2016-17 year.

The group, which has helped to drive online grocery shoppingin Britain, has been trying to sell its proprietary technologyto international supermarkets in the past few years, with newdeals seen as key to its stock market valuation.

Investors' patience was finally rewarded with the signing ofthree international partnership agreements over the last year,doubling Ocado's share price.

In January Ocado signed a partnership deal with Sobeysin Canada, while last November it sealed one withGroup Casino in France.

However, last month it warned that 2017-18 earnings wouldreflect the costs of developing customer fulfilment centres(CFCs) in Erith, south of London, and Andover, southern England,and work to enhance its technology platform.

Prior to Tuesday's statement analysts were on averageforecasting core earnings for 2017-18 of 87.1 million pounds, upfrom 84.3 million pounds in 2016-17.

"We remain confident that our Ocado Solutions business willbe able to do further deals with the momentum of new signingsbuilding over time," said Chief Executive Tim Steiner.($1 = 0.7123 pounds)(Reporting by James Davey; editing by Kate Holton and PaulSandle)

More News
8 Apr 2021 15:43

Caspian Sunrise shares rise after positive update on flagship project

Caspian Sunrise shares rise after positive update on flagship project

Read more
4 Mar 2021 14:51

EXECUTIVE CHANGES: Barratt CFO exits after 15 years; M&G adds to board

EXECUTIVE CHANGES: Barratt CFO exits after 15 years; M&G adds to board

Read more
5 Feb 2021 11:21

AIM WINNERS & LOSERS: Falanx Rises On Contract Wins, Loan Talks

AIM WINNERS & LOSERS: Falanx Rises On Contract Wins, Loan Talks

Read more
5 Feb 2021 09:26

Caspian Sunrise Hurt As Has To Sell Oil In Kazakhstan At USD6 A Barrel

Caspian Sunrise Hurt As Has To Sell Oil In Kazakhstan At USD6 A Barrel

Read more
5 Feb 2021 09:12

Caspian Sunrise progress remains 'limited'

(Sharecast News) - Caspian Sunrise updated the market on its progress on Friday, having previously identified three factors holding back its short-term progress, being the Kazakh domestic oil price, assessed historic costs for BNG, and the lack of deep-well success.

Read more
1 Dec 2020 10:43

Caspian Sunrise Notes Slow Progress At Tengiz And Changes To Board

Caspian Sunrise Notes Slow Progress At Tengiz And Changes To Board

Read more
12 Oct 2020 16:13

IN BRIEF: Caspian Sunrise MJF Production Knocked By Maintenance Work

IN BRIEF: Caspian Sunrise MJF Production Knocked By Maintenance Work

Read more
18 Sep 2020 11:22

Caspian Sunrise Loss Almost Flat As Expenses, Costs Nearly Erode Gains

Caspian Sunrise Loss Almost Flat As Expenses, Costs Nearly Erode Gains

Read more
21 Aug 2020 13:10

IN BRIEF: Caspian Sunrise Adds Shareholder Aibek Oraziman To Board

IN BRIEF: Caspian Sunrise Adds Shareholder Aibek Oraziman To Board

Read more
6 Aug 2020 22:08

UK TRADING UPDATE SUMMARY: Naked Wines New Sales Drive Progress

UK TRADING UPDATE SUMMARY: Naked Wines New Sales Drive Progress

Read more
22 Jul 2020 15:58

UK Shareholder Meetings Calendar - Next 7 Days

UK Shareholder Meetings Calendar - Next 7 Days

Read more
15 Jul 2020 11:47

UK TRADING UPDATE SUMMARY: Finsbury Food's Annual Revenue Set To Fall

UK TRADING UPDATE SUMMARY: Finsbury Food's Annual Revenue Set To Fall

Read more
4 May 2020 17:47

Production At Latest Caspian Sunrise Well Rises, Appoints New Director

Production At Latest Caspian Sunrise Well Rises, Appoints New Director

Read more
28 Apr 2020 06:56

Caspian Sunrise Sees Second BNG Well Begin Production

Caspian Sunrise Sees Second BNG Well Begin Production

Read more
11 Mar 2020 12:01

Caspian Output Falls In February As Deep Well A5 Production Halted

Caspian Output Falls In February As Deep Well A5 Production Halted

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.